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Fly News Breaks for March 8, 2018
ETN
Mar 8, 2018 | 06:57 EDT
BofA/Merrill analyst Andrew Orbin upgraded Eaton to Neutral and raised its price target to $85 from $80 following the company's analyst day. The analyst said management outlined its long-term strategy for Industrial and Electrical segments growth and said a recent inflection in Electrical provides better visibility on margins. Orbin views valuation as fair as Eaton is an in-line earnings grower with below average margins.
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